ATC 1-3 (Static) Real-World Case: Classifying cash flow activities at five companies LO 1-1, 1-2, 1-3,1-4, 1- 5, 1-6, 1-7, 1-8, 1-9, 1-10 The following cash transactions occurred in five real-world companies. Required Determine if each of the given transactions should be classified as an operating, investing, or financing activity. Also, identify the amount of each cash flow and whether it was an inflow or an outflow. Transaction During the third quarter of 2019 (July 1 through September 30), Snap, Incorporated, the company that produces Snapchat, borrowed $1.3 billion using notes payable. In August, 2019, Occidental Petroleum Corporation announced that it was paying $29.4 billion in 2 cash to the shareholders of Anadarko Petroleum Corporation as a part of its acquisition of the company 3 4. 5 During the third quarter of 2019 (July 1 through September 30), Comcast Corporation paid approximately $12.4 billion for operating expenses During 2018, Newell Brands, Incorporated sold some of its business units, including Goody Products and Rawlings Sporting Goods. These sales generated cash inflows of $5.1 billion. During the second quarter of its 2020 fiscal year (August 18 through November 9, 2019) The Kroger Co. paid $356 million of dividends During the third quarter of 2019 (July 1 through September 30), MasterCard, Incorporated 6. collected approximately $4.0 billion in cash from revenue related to the services it provided. Type of Activity Cashflow